Lifecycle management is a feature that helps you manage an asset throughout its entire lifecycle, from creation to archive. It allows you to better monitor an asset's development, implementation, and usage, helping you to ensure compliance and safety. For information on enabling this feature, go to Enable or disable the Lifecycle management feature.
Asset statuses as a representation of lifecycle stages
All assets are created with a certain asset status, for example Candidate, which indicates the condition of the asset. By enabling the Lifecycle management feature, you're opting to use asset statuses to represent the lifecycle stages in which an asset can exist at any point in time.
With the help of various tools and features, such as the Lifecycle tracker and lifecycle activities, you determine and manually control the lifecycle stage of an asset, and the status of the asset is automatically updated to match.
Configuring lifecycle stages
When configuring the lifecycle stages, there are two tabs to consider: Core phase and Retirement phase.
For guidance on how to configure lifecycle stages, go to Configure the lifecycle stages for an asset type.
Core phase
Asset statuses included in the Core phase tab represent the active lifecycle stages of an asset. The first asset status listed in the core phase - Ideation, in the example image above - determines the initial status of all newly created assets of this type.
The asset statuses included in the core phase are reflected in the Lifecycle tracker. The following images show an example core phase status configuration, as reflected in the Lifecycle tracker (legacy and new) on an asset page.
The following image shows an example core phase status configuration, as reflected in the Model Analytics widget that is included on the AI Governance Model Registry and Agent Registry pages, for example.
Retirement phase
Asset statuses included in the Retirement phase tab represent the inactive lifecycle stages of an asset. For example, for the AI Use Case asset type, the default statuses are Rejected and Archived. They are considered part of the asset lifecycle, but they aren't reflected in the Lifecycle tracker or in the Model Analytics widget.
For all assets, regardless of type or status, these statuses are shown below the asset name on asset pages and in asset views that include the Status attribute type.
